The board of directors of VF Corporation elected Silicon Valley venture capitalist Veronica Wu as a director, effective March 12, 2019.
Category: Outdoor
Newell Brands CEO To Retire At End Of Second Quarter
Newell Brands announced that President and CEO Michael Polk will retire at the end of the second quarter.
Leki Welcomes Ultra Runner Xavier Thevenard As Brand Ambassador
Leki, a leader in skiing, trekking and trail running poles, announced they have signed a two-year agreement with elite trail runner Xavier Thevenard to represent the brand and use Leki trail running poles exclusively for training and during competition.
Aisle Talk Week Of March 11
Top headlines from the active lifestyle industry you may have missed this week, including Brooks Running Company’s promotion of Dan Sheridan to a newly configured role of EVP and chief operating officer.
Dorel Sports Q4 Hurt By Softness In Mass Channels
Dorel Industries Inc. reported that profitability in its Dorel Sports’ segment came in below plan in the fourth quarter due to a slowdown in bicycle sales across the board at Pacific Cycle that targets the mass channel. Martin Schwartz, president and CEO of Dorel Industries, said the exit of Toys “R” Us didn’t benefit the mass channel as much as projected.
LEM Helmets Welcomes Jay Petervary To Ambassador Team
LEM Helmets, manufacturer of cycling helmets, welcomed Jay Petervary to its growing ambassador team. Petervary – AKA JayP – brings more than 25 years of experience and accomplishments in ultra-endurance and adventure racing to the LEM team.
Dorel Sports’ Q4 Sales Slip
Dorel Industries Inc. reported fourth quarter revenue in its Dorel Sports segment declined 1.7 percent, to $232.7 million from $236.8 million last year but grew by approximately 2.6 percent after excluding the negative impact of varying foreign exchange rates year-over-year and the divestments of the Sugoi and Sombrio brands in the second quarter of 2018.
Safilo’s Losses Narrow In 2018
Safilo Group S.p.A., the parent of the Smith eyewear brand, reported an improved loss on an adjusted basis in 2018 due to cost savings. Sales were down 4.0 percent on a currency-neutral basis.
The North Face To Sponsor Mountainfilm
Mountainfilm, the documentary film festival held every Memorial Day weekend in Telluride, CO, announced The North Face as its new presenting sponsor.
RECALL: Igloo Marine Elite Coolers
Igloo is voluntarily recalling some of its Marine Elite coolers. The company said it’s possible that the stainless-steel latch could, inadvertently close where a person could potentially become locked inside.
Calgary Secures Exclusive Canadian Rights To Host X Games
Calgary has secured the exclusive Canadian rights to host X Games for a minimum three-year run. Past host cities include Aspen, Shanghai, Oslo and Sydney.
Thru-Hike Syndicate Kicks Off Sixth Season
Vasque announced its roster of ambassadors for the Thru-Hike Syndicate’s 2019 season. The Thru-Hike Syndicate is supported by Vasque, Osprey Packs, NEMO Equipment, Leki Trekking Poles and Darn Tough Vermont.
Dick’s Traffic Doldrums Continue
Dick’s Sporting Goods reported better-than-expected fourth-quarter results and outlined a number of initiatives to jump-start comp growth, including replacing its hunt sections in another 120 stores with faster-turning categories and switching out its licensed Reebok brand for a new private-label athletic label. But shares of Dick’s fell as management predicted only minimal top-line recovery in the current year.
Hammerhead Secures $4.1 million In Funding
Hammerhead, maker of the Karoo cycling computer, has closed a $4.1 million seed plus round, led by Primary Venture Partners and KB Partners. Also participating were Courtside Ventures, Maveron, Robin Thurston, the co-founder of MapMyFitness and previously Chief Digital Officer at Under Armour, and Andy Ording, the CEO of Zipp.
Sun & Ski Sports To Hold Demo Event In Colorado
Sun & Ski Sports will be holding Ride the Future event at its store in Dillon, CO to enable consumers to demo 2020 ski and snowboard products.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal